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Detroit is circling the drain

Discussion in 'Society and Culture' started by MemphisMark, Feb 20, 2013.

  1. Allene

    Allene Registered User

    LOL! I don't think the airlines will sell any tickets under those circumstances. I can get a direct flight to Halifax from Chicago as well. There's always Boston, but it's such a long trip from out west.

    Welcome back by the way!
     
  2. Copzilla

    Copzilla dangerous animal Staff Member

    Texas job numbers released a couple days ago show we are crushing it.

    Businesses love our low taxes, and our low cost of living makes for happy employees.
     
  3. ethics

    ethics Pomp-Dumpster Staff Member


    Annnnd Arc nails it. I am actually surprised you didn't see this blatant difference, Damon.
     
  4. Biker

    Biker Administrator Staff Member

    Speaking of that cesspool called Detroit.

     
  5. dsl987

    dsl987 Member

  6. Chui

    Chui Full Member

    Exactly. But that won't be the spin from the media...
     
  7. Chui

    Chui Full Member

  8. ethics

    ethics Pomp-Dumpster Staff Member

    LMAO! Damon, when you have a China nationalist patting your back...
     
  9. Greg

    Greg Full Member

    If Detroit could print its own money it would be like Cyprus. But maybe the Feds would take pity and give Detroit foreign aid.
     
  10. dsl987

    dsl987 Member

  11. MemphisMark

    MemphisMark Old School Conservative

    Badly. It's going to play out very badly.
     
  12. damonlab

    damonlab Veteran Member

    The city will declare bankruptcy, at this point it is only a matter of when. I see no way around it at this point.
     
  13. dsl987

    dsl987 Member

    There's no doubt about them declaring bankruptcy, what I'm interested in is how all the different stake holders get treated, especially the pensions. There is a growing epidemic of fat pensions that is threatening to bankrupt a lot of cities, and maybe even states.
     
  14. ethics

    ethics Pomp-Dumpster Staff Member

  15. Biker

    Biker Administrator Staff Member

    http://www.usatoday.com/story/news/...it-prepares-bankruptcy-filing-friday/2552819/

    No surprises with this.
     
  16. Copzilla

    Copzilla dangerous animal Staff Member

  17. Andy

    Andy ΜΟΛΩΝ ΛΑΒΕ

    4 years old, but as relevant today.

    Welcome to Detroit.

     
  18. Biker

    Biker Administrator Staff Member

    Wonder if there's a conflict of interest here?

    http://www.usatoday.com/story/news/nation/2013/07/19/detroit-bankruptcy-unconstitutional/2569481/

    Blindsided? The threat of bankruptcy has been hanging over the city's head for years. One also has to wonder if the judge's pension is also affected by this.
     
  19. ethics

    ethics Pomp-Dumpster Staff Member

    So now it's the white people who are the cause of Detroit's bankruptcy.

     
  20. Biker

    Biker Administrator Staff Member

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